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Rent/Lease Office 505 Park Ave

$ / SF SF Monthly Rent
$ 63
2,100
$ 11,025
$ 63
4,200
$ 22,050
Negotiable
13,100
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
W 57th St & Avenue of the Americas $ 112
25,000
$ 232,291
Avenue of the Americas & West 55th Street West 56th Street $ 63
7,300
$ 38,325
Madison Ave & East 54th Street $ 80
31,000
$ 206,666
Avenue Of The Americas & West 47th Street $ 58
10,000
$ 47,916
Park Ave & East 57th Street $ 160
10,800
$ 144,000
Madison Ave & East 59th Street $ 99
8,300
$ 68,475
Fifth Ave & West 52nd Street $ 130
10,300
$ 111,583
Address $ / SF SF Monthly Rent
Park Ave & East 54th Street $ 85
5,600
$ 39,666
Fifth Ave & East 56th Street $ 85
6,600
$ 46,750
Lexington Ave & East 50th Street $ 54
4,000
$ 18,000
Avenue of the Americas & West 55th Street West 56th Street $ 62
6,200
$ 32,033
Madison Ave & East 49th Street $ 69
5,500
$ 31,625
Address $ / SF SF Monthly Rent
Madison Ave & East 49th Street $ 76
2,200
$ 14,025
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 60th St & Madison Avenue $ 65
4,200
$ 22,750
W 57th St & Avenue of America $ 531
5,100
$ 225,675
Address $ / SF SF Monthly Rent
W 57th St & Avenue of America $ 532
2,300
$ 101,870
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
W 57th St & Avenue of the Americas $ 105
15,800
$ 138,250
Fifth Ave & East 55th Street $ 157
19,300
$ 252,508
Park Ave & East 58th Street $ 125
11,300
$ 117,708
Address $ / SF SF Monthly Rent
Third Ave & East 49th Street $ 50
4,300
$ 17,916
Park Ave & East 54th Street $ 81
3,500
$ 23,625
Park Ave & East 58th Street $ 125
4,000
$ 41,666
Third Ave & East 49th Street $ 73
3,800
$ 23,116
Madison Ave & East 55th Street $ 65
5,000
$ 27,083
Address $ / SF SF Monthly Rent
Third Ave & East 49th Street $ 60
2,000
$ 10,000
E 52nd St & Lexington Avenue $ 64
2,400
$ 12,800
Madison Ave & East 55th Street $ 76
2,300
$ 14,566
Madison Ave & East 48th Street $ 70
1,800
$ 10,500
Fifth Ave & West 47th Street $ 73
1,900
$ 11,558
Avenue of the Americas & West 51th Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Park Ave & East 56th Street $ 98
1,900
$ 15,516
Fifth Ave & West 55th Street West 56th Street $ 165
2,300
$ 31,625
Address $ / SF SF Monthly Rent
W 48th St & Avenue of the Americas $ 58
12,500
$ 60,416
5th Ave & West 47th Street $ 63
8,000
$ 42,000
Address $ / SF SF Monthly Rent
Madison Ave & East 49th Street $ 56
3,400
$ 15,739
E 52nd St & Fifth Avenue $ 44
3,400
$ 12,466
W 57th St & Avenue of America $ 68
4,100
$ 23,404
E 55th St & Third Avenue $ 47
2,900
$ 11,358
E 58th St & Third Avenue $ 50
3,400
$ 14,166
E 59th St & Second Avenue $ 93
3,200
$ 24,880
E 49th St & Between 5th Avenue $ 27
3,300
$ 7,425
Address $ / SF SF Monthly Rent
Lexington Ave & Lexington Avenue $ 44
2,500
$ 9,270
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
E 56th St & Park Avenue South $ 59
1,900
$ 9,341
W 57th St & Avenue of America $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 52
7,100
$ 30,766
Address $ / SF SF Monthly Rent
E 59th St & Madison Avenue $ 62
4,000
$ 20,500
E 59th St & Between 2nd Avenue $ 67
6,500
$ 36,291
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 53
2,000
$ 8,833

Retail Spaces for Rent at 505 Park Ave

Rent Retail 505 Park Ave

$ / SF SF Monthly Rent
Negotiable
4,000
Negotiable

Rent Medical Space at 505 Park Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 505 Park Avenue. This trend is projected to continue. Opportunities for subleases remain available at 505 Park Avenue and in the nearby Plaza District neighborhood.
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505 Park Avenue nyc
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505 Park Avenue Property Overview

Building Address: 505 Park Ave, New York NY 10022
Building Name: 505 Park Avenue
Building Alternate Address: 505 Park Ave
Zip Code:10022
Neighborhood:Plaza District
Borough:Manhattan
Stories:22
Year Built:1949
Building Class:B
Block & lot:01394-0001

505 Park Avenue, Manhattan, NYC

Located in the Lenox Hill neighborhood of Manhattan, 505 Park Avenue is a prominent office building with a rich history.

Year Built: 1949

Building Class: Office Only with or without Commercial - 20 Stories or More (O4)

Stories: 21

Total Square Feet: 220,510

Lot Size: 10,543 square feet

Neighborhood: Lenox Hill, Manhattan

Zip Code: 10022

505 Park Avenue is a significant part of Manhattan's commercial landscape, offering a blend of historical charm and modern functionality.

505 Park Avenue, New York, NY 10022

Alternate Addresses:

  • 101-109 E 59th St, New York, NY 10022
  • 503-509 Park Ave, New York, NY 10022

Neighborhood: Lenox Hill

Year Built: 1949

Number of Stories: 21

Total Square Feet: 220,510

Property Type: Office


505 Park Avenue Amenities

  • On-site Restaurant
  • Convenient Parking
  • Exclusive Meeting Spaces
  • High-Speed Internet
  • Dedicated IT and Telecom Support
  • Fully-Equipped Kitchen
  • Daily Cleaning Service
  • Energy Star Certified
  • Property Manager on Site
  • Bus and Subway Access Nearby

505 Park Avenue, located in the Plaza District of Manhattan, NYC, has notable office tenants who have rented or leased space in the building. Some of these tenants include:

  • Olayan America Corporation, which leased 39,300 square feet.
  • Loeb Block & Partners LLP, which leased 26,275 square feet.

Internet Providers at 505 Park Ave, Manhattan, NYC:

  • Verizon Fios: Known for high speeds up to 2 Gbps and reliable service.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with unlimited data.
  • Spectrum: Provides cable internet with speeds up to 1 Gbps and widespread availability.

505 Park Avenue is located in Manhattan, NYC, offering convenient access to various transportation options.

Nearest Subway Stations:

  • 5 Av/59 St - 1 min walk
  • Lexington Av/53 St - 4 min walk
  • 51 St - 5 min walk
  • Lexington Av/59 St - 7 min walk

Nearest Bus Stops:

  • Madison Av / E 54 St - 2 min walk
  • Madison Av/E 53 St - 3 min walk
  • Madison Av/ E 55 St - 3 min walk
  • Madison Av/E 56 St - 4 min walk

Nearest Train:

  • PATH (33rd Street)

Cross Streets:

  • East 59th Street
  • East 53rd Street

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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

✓
  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

✕
  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.

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